NEWS
Electrolux Group secures €200 million
With household appliances accounting for around 85 per cent of its total carbon emissions during use. products to use fewer resources and consume less energy, contributing to a more sustainable future. Electrolux has already proven its commitment to
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Electrolux Group is taking a bold step towards sustainability with a €200 million (£167 million) loan from the European Investment Bank (EIB). The household appliances, aiming to reduce carbon emissions and improve the lives of consumers.
based goal three years ahead of schedule. According to Elena Breda, Chief Technology and Sustainability push to meet its second target. She stated: “The support Electrolux Group receives from EIB is important in our work to achieving our
Currys reports ‘continuing progress’ despite ‘unwelcome headwinds’ from UK Budget impact
Currys has reported that group revenue increased by one per cent to £3.9 billion in the six months to 26 October 2024, and UK and
year thanks to “stabilised” market share and strong that further boosted growth. “We are very encouraged by our progress,” said Alex Baldock, Group Chief Executive. “We were well prepared for Peak trading, and our performance growing and a strong Group balance sheet.”
unwelcome headwinds” from UK government policy.
its business by as much as £32 million from this year. It said this will include a £9 million rise in wages due to National Living Wage increases, as well as a £12 million uplift in National Insurance contributions and a £2 million rise from the business rates increase. In other news, Currys has slashed over £400,000
from its annual fuel bill using new driver coaching Transits and Iveco Dailys. The system from Lightfoot has delivered a 10.8 per cent improvement in fuel which helps drivers adjust their habits on the go, reducing vehicle idling, improving driving standards, and ultimately cutting costs and emissions.
in the coming years will be to accelerate synergies between technology and sustainability to develop consumers live more sustainably.” The loan is part of the InvestEU programme, a
European Union initiative designed to mobilise over €372 billion (£311 billion) in additional investments between the EIB and Electrolux, which dates back to 1989. This collaboration underscores the importance of innovation in household appliances as a critical step towards achieving broader environmental goals.
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